“High Frequency Trading on Wall Street should be outlawed, a new MoneyExaminers.com poll has found. The practice allows professional traders to have a big advantage trading stocks over smaller investors.
A huge majority of respondents say high frequency trading on Wall Street should be outlawed, according to a new poll just released by http://www.MoneyExaminers.com, the innovative financial news website that follows the money for consumers and analyzes financial markets and issues.
In fact, 70% of those surveyed said they feel high frequency trading should be outlawed. Algorithms written by computer scientists clearly provide major investment firms advantages trading stocks on Wall Street over and above average stock buyers. News reports and information that reach the traders equipped with high frequency trading are able to make trades faster and make more money on stocks.
High frequency trading accounts for more than 80% of all trades on a daily basis alone on the New York Stock Exchange, where fast trading has previously caused regulators to halt trading on some stocks as a result. ‘
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